National Planning Corp lowered its position in FS Investment Corporation (NYSE:FSIC) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 1,213,665 shares of the financial services provider’s stock after selling 8,656 shares during the period. FS Investment Corporation accounts for 0.9% of National Planning Corp’s investment portfolio, making the stock its 22nd largest position. National Planning Corp’s holdings in FS Investment Corporation were worth $11,287,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FSIC. IFP Advisors Inc boosted its stake in FS Investment Corporation by 7.4% in the second quarter. IFP Advisors Inc now owns 762,512 shares of the financial services provider’s stock valued at $6,977,000 after buying an additional 52,340 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in FS Investment Corporation by 5.1% in the second quarter. Capital Investment Advisory Services LLC now owns 25,767 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,250 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in FS Investment Corporation by 38.6% in the second quarter. Stratos Wealth Partners LTD. now owns 510,582 shares of the financial services provider’s stock valued at $4,672,000 after buying an additional 142,143 shares during the last quarter. Sei Investments Co. boosted its stake in FS Investment Corporation by 85.8% in the second quarter. Sei Investments Co. now owns 182,846 shares of the financial services provider’s stock valued at $1,673,000 after buying an additional 84,460 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in FS Investment Corporation by 32.9% in the second quarter. Eagle Global Advisors LLC now owns 62,649 shares of the financial services provider’s stock valued at $573,000 after buying an additional 15,500 shares during the last quarter. Institutional investors own 31.84% of the company’s stock.

Shares of FS Investment Corporation (NYSE:FSIC) opened at 8.70 on Thursday. FS Investment Corporation has a 52-week low of $8.43 and a 52-week high of $10.80. The stock’s 50 day moving average is $9.05 and its 200 day moving average is $9.61.

FS Investment Corporation (NYSE:FSIC) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.01. FS Investment Corporation had a net margin of 86.84% and a return on equity of 9.44%. Analysts expect that FS Investment Corporation will post $0.84 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of FS Investment Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research cut shares of FS Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $10.00 price objective on shares of FS Investment Corporation in a research report on Tuesday, July 25th. Finally, National Securities reiterated a “neutral” rating and set a $10.00 price objective on shares of FS Investment Corporation in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.79.

In related news, Director David J. Adelman bought 11,160 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was acquired at an average cost of $8.88 per share, with a total value of $99,100.80. Following the purchase, the director now directly owns 34,063 shares of the company’s stock, valued at $302,479.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael C. Forman bought 22,320 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was bought at an average cost of $8.88 per share, with a total value of $198,201.60. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 38,880 shares of company stock valued at $345,560. 1.00% of the stock is owned by corporate insiders.

About FS Investment Corporation

FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies.

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Institutional Ownership by Quarter for FS Investment Corporation (NYSE:FSIC)

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